CI Investments Inc. Has $124 Million Position in VICI Properties Inc. $VICI

CI Investments Inc. lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.6% during the third quarter, Holdings Channel.com reports. The fund owned 3,802,365 shares of the company’s stock after selling 101,341 shares during the period. CI Investments Inc.’s holdings in VICI Properties were worth $123,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of VICI Properties during the 2nd quarter worth $26,000. Parvin Asset Management LLC bought a new stake in VICI Properties during the second quarter worth about $27,000. Hantz Financial Services Inc. grew its stake in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after buying an additional 724 shares in the last quarter. Headlands Technologies LLC acquired a new stake in VICI Properties during the second quarter worth about $28,000. Finally, Godsey & Gibb Inc. bought a new position in VICI Properties in the 3rd quarter valued at about $29,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI Properties stock opened at $30.37 on Tuesday. The stock has a 50-day moving average price of $28.70 and a two-hundred day moving average price of $30.15. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.03. The company has a market capitalization of $32.46 billion, a PE ratio of 11.64, a P/E/G ratio of 3.00 and a beta of 0.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.9%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio is 68.97%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird cut their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Mizuho decreased their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Finally, Evercore reissued an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.69.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.